New Jersey S3117 aligns public contract bid thresholds with pay-to-play and prevailing wage laws.
New Jersey S3117 amends existing laws to align the threshold amounts for public contracts, pay-to-play regulations, and prevailing wage requirements. The bill sets the bid threshold for contracts at $17,500, with adjustments for inflation every five years. It mandates that contracts exceeding this threshold must follow a fair and open process. Additionally, the bill requires businesses to disclose political contributions made to public officials within the preceding year when bidding on contracts.
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